As our Accounting Manager, you will take a leading role in financial accounting, reporting, and analysis for Cheers. As Cheers continues to evolve, you will manage its existing accounting and financial reporting procedures.Moreover, you will improve upon these procedures and build out new processes to bring increased automation, completeness, and accuracy to these areas. Finally, you will leverage the company’s financial data to help inform business decisions.
The role of Accounting Manager will involve becoming intimately familiar with all revenue/expense generating activities of the business. You will work closely with the COO at the outset to gain a bottom-up understanding of the various arms of the business and learn its fundamental accounting processes. As you take ownership of the existing procedures and start to master them, you will have the freedom to develop new tools and protocols to streamline data collection and bring efficiency where it’s lacking.From there, while you continue to optimize your accounting processes, you will begin to build out a suite of internal financial reports to help provide a more granular picture of company performance.Â
Lastly, you will have help! Cheers partners with Wiss &Company’s WEST Growth program for early-stage companies. The services Wiss provides include monthly QuickBooks reconciliations and GAAP adjustments, CFO advisory services, and annual corporate tax filings. As Accounting Manager, the Wiss team will support you in each of these areas and handle a portion of the associated recurring tasks.
Starting AORs include, but are not limited to:
Cheers is the leading brand in alcohol-related health &wellness — an emerging category we’re proud to have pioneered. We create and sell supplements for people who drink, offering a suite of five products designed to support liver health and help our customers feel better after drinking. Along with our After-Alcohol AidTM – first made famous on Shark Tank in 2018 – we also offer a next-day hangover remedy, a fructose-free hydration powder, and two daily supplements to help responsible drinkers support their long-term liver health and overall wellness.
Cheers is a digitally native brand, and has sold $50m+ in revenue to 500k+ customers on Amazon.com and cheershealth.com to date. In 2023, Cheers also expanded into 5,000+ retail locations across the Drug, Grocery, and Convenience channels, and projects to reach 20,000+ locations by the end of 2024. Currently, Cheers revenues are $8-10m annually with an operating margin of 10-15%.
We’ve accomplished all of this with a very lean team. We currently have nine employees at Cheers HQ, along with two full-time employees and a network of part-time employees at our Fulfillment Center. Doing more with less is in our DNA, and we’re now searching for a like-minded individual to become HQ employee #10! More than raw talent or pedigree, we look for team players with a strong growth mindset who are diligent, attentive to detail, passionate about problem-solving, zealous for efficiency, and fun to be around. If that describes you, we’d love to chat!
‍